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Islamic State Releases Video of Steven Sotloff’s Beheading

Islamic State Releases Video of Steven Sotloff’s Beheading

American Freelance Journalist Steven Sotloff, who covered news in 2011 Libya and other Middle Eastern conflicts until he was kidnapped in Syria in …

Islamic State Begins Implementing Harsh Sharia Law

Islamic State Begins Implementing Harsh Sharia Law

In Islamic State conquered areas, Women are forbidden from wearing printed and bright-colored outfits and police cars are repainted to say “Islamic …

International Flights Set Travel Restrictions To Israel

International Flights Set Travel Restrictions To Israel

Fighting in Israel and Gaza had international airlines stop flights to Israel indefinitely on Tuesday citing passenger security concerns. After the …

Israel, Palestine and Hamas Tensions Swell Up Upon Death of Jerusalem Teen

Israel, Palestine and Hamas Tensions Swell Up Upon Death of Jerusalem Teen

Violence in Jerusalem increases as the killing of a Palestinian teenage boy right after the funeral of three Israeli teenagers slain in the West Bank …

Three People Killed As Two Buses Explode in East Africa

Three People Killed As Two Buses Explode in East Africa

Two buses that exploded in Kenya had killed three people and left 60 commuters wounded. The buses exploded along Thika Highway. Authorities report 20 …

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PPI Claims Deadline Talks Inconclusive

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An attempt to reach agreement to impose a deadline for making mis sold payment protection insurance (PPI) claims has reportedly failed, after agreement could not be reached between the lenders and the consumer groups. Some banks had wanted to place a deadline for making claims in April 2014, but others opposed the move in the belief it would encourage a massive increase in claims and put pressure on the system. The deadline announcement would have coincided with a marketing campaign aimed at advising consumers of their right to claim, and how and when to do so.

No Deal Possible

The British Bankers’ Association, which looks after the commercial players in the banking world, had been holding talks with banks and consumer groups but has now accepted that any form of agreement is not possible thanks to differences of opinion among the various parties involved. The end of negotiations means that there is no likelihood of a downturn in claims, and lenders now face the prospect of many more years of claims from disgruntled customers. The breakdown of talks comes in the face of Lloyds Banking Group having been forced to apologize for mishandling of claims at one of its major call centres.

Only 10% have claimed

The sheer weight of the problem has been highlighted by Natalie Ceeney, the Chief Executive of the Financial Ombudsman Service (FOS), who stated last month that a mere 10% of people who had been paying into PPI policies in the past had so far made claims. She followed by explaining that the FOS is to take on over 1000 staff in the next few months to handle the rising numbers of complaints that are handled by its staff each year. The FOS handles thousands of complaints every day, a large proportion relating to PPI.

Consumer Awareness Increases

One of the reasons for an increase in claims is that consumers have become more aware of their rights to claim back mis sold PPI charges. This is due to ongoing publicity by the media and advertising by PPI claims companies such as PPIClaimsCo.co advertising campaigns. Indeed, these companies continue to help many thousands of consumers to get back the money they are owed. The recent ruling by the High Court stating that banks must pay back any mis sold fees also increased exposure, and with over £12bn so far put aside by the collective lenders to cover the cost of repayment it is expected that the figure will rise further.

 

Russia Supplies China with Fighter Jets and Submarines

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The government of China has purchased a lot military fighter jets and submarines. It was reported that this was the 1st time that the country had made another huge military purchase. There were 4 submarines that will be owned by the Chinese Military. Two of the submarines will be made in Russian while the other two in China. The Chinese President visited Moscow and signed a deal with the Russian President regarding the purchase of jest and submarines. Russia and China has shown military cooperation.

It was reported that it was also China’s first time to join the United State’s biggest Military exercises in 2014. According to the correspondents, the both the capital Beijing and Moscow has made a balance since they see that America has the military dominance. Aside from the 4 submarines, China will also purchase a total number of 24 Su-35 fighter jets from Russia. China’s Central Television reported that both the Chinese and Russian government did not yet divulge the exact value of the purchased equipments. The Budget of China’s Defense already increased to £65 Billion last year while the United States has spent $700 Billion.

Local news, the People’s Daily said in a statement that the new purchased Su-35 fighter jets will reduce the pressure of the air defense in China. The Chinese President’s 3-day visit in Moscow since last Friday includes talks about deals that Russia will be supplying Liquefied Natural gas and oil to Beijing. It was the President’s choice to have China as his 1st state visit since he became the new President of the People’s Republic of China.

 

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